Banku Handlowego w Warszawie S.A.

Capital/Financing Update • Nov 20, 2024

Report Content CurrentReport No. 37/2024

Subject:The decision on drawing subordinated loan to the Framework Loan FacilityAgreement

Legalbasis:Art.17(1) of the Regulation (EU) No 596/2014 of the European Parliament and ofthe Council of 16 April 2014 on market abuse (MAR).

TheManagement Board of Bank Handlowy w Warszawie S.A. ("the Bank") informs,that on 19 November 2024 decided to draw funds from subordinated loanunder the Framework Loan Facility Agreement, dated 6 June 2024,concluded by the Bank and Citibank Europe PLC with the registered officein Dublin, Ireland ("CE PLC").

Theloan amount totals EUR 250 million (in words two hundred and fiftymillion euro). The equivalent of the loan as a at average rate of theNational Bank of Poland on 19 November 2024 is approximately PLN 1 083million (in words one billion eighty three million zloty).

TheBank will recognize the funds obtained from the loan under the eligibleliabilities for the purpose of the TLAC requirement.

Thedrawn loan was granted for 4 years, but the Bank has the right to prepaythe loan after provided the relevant approval of the Bank Guarantee Fundhas been obtained.

Intereston the loan will be set at ESTR rate plus margin based on marketconditions.

CEPLC is the parent company, holding 75% of shares and votes at the BankGeneral Meeting.